The Wrinkled Peach Fungus, Rhodotus palmatus, grows scattered or in small groups on rotting hardwoods in eastern North America, North Africa, Europe, and Asia. It prefers low-lying logs in areas that are periodically flooded and that receive little sunlight, such as forest areas shaded by canopy. The color can range from salmon-orange to pink to red. The stem is sometimes seen “bleeding” a red- or orange-colored liquid. The stem is 1.5 to 3.0 cm (0.6 to 1.2 in) tall by 0.4 to 0.6 cm (0.2 to 0.2 in) thick (usually slightly larger near the base).
More pics & info about this species: http://eol.org/pages/1009551
(photo: T/MBR - Dan Molter via Mushroom Observer; BL - Evan Teague)
(via: Encyclopedia of Life)
